Ublockchain reported that Strive (Nasdaq ticker: ASST), a Bitcoin strategic accumulation firm and asset manager, plans to expand its At-The-Market (ATM) stock issuance program limit by a total of $4.2 billion to purchase additional Bitcoin (BTC).

Strive is expected to increase the stock issuance limits for ASST and SATA by $2.1 billion each. Notably, SATA has a similar structure to Strategy's (MSTR) preferred stock, STRC, adopting a model that issues new shares to purchase Bitcoin whenever its stock price exceeds the par value ($100).

Meanwhile, Strive currently holds a total of 16,500 BTC ($1.27 billion).